OnePath and ASB lead the KiwiSaver pack

OnePath and ASB remain the dominant players in the KiwiSaver market, with 45.40% of KiwiSaver assets between them, according to the Morningstar KiwiSaver Performance Survey for the June quarter. Morningstar’s co-head of fund research, Chris Douglas, said that while KiwiSaver results for the second quarter were mixed, largely due to the high Kiwi dollar creating […]

KiwiSaver membership tops 1.75m

Total KiwiSaver membership topped the 1.75 million mark in June despite a downturn in the sign-up rate, according to KiwiSaver provider Tower Investments.   Chief executive Sam Stubbs said that while the membership milestone was passed, “growth rates for KiwiSaver sign-ups fell after the Government’s Budget announcements of late May.” “Anecdotal evidence indicated that public […]